World economy

Jerome Powell

Jerome Powell’s Penelope tactics

J. P. Marín-Arrese | Once again, Jerome Powell played down the need for monetary easing in the press conference following the Fed’s rate cut decision. His unconvincing delivery led Mr Trump to heap scorn on his uninspiring performance. For once, his bitter recriminations were fully justified.

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French fiscal reforms

Despite fiscal reforms, France´s 2019 deficit will rise again to 3.1% of GDP

Scope Ratings | France has been host of the G7. While its neighbour debates foreign policy, Emmanuel Macron continues to pursue his fiscal reforms, without losing sight of the size of France´s budget deficit (rising towards 3.1% of GDP this year and exceeding the target for 2020) which has caused concerns about the sustainability of the country´s debt.